Gun Stocks Soar Ahead Of Obama’s Gun-Control Executive-Action Tomorrow

Tyler Durden's picture

Despite a bloodbath in US equities, gun stocks are soaring this morning (Smith & Wesson up 7% and Sturm, Ruger up 3%) as ABC News reports, as we detailed yesterday:

  • *OBAMA MAY TAKE GUN CONTROL EXECUTIVE ACTION TOMORROW

With the Oregon standoff continuing, it appears “the world’s greatest gun sales-man” has done it again.

 

As we previously noted, without a Democratic majority in Congress, and faced with a GOP that is firmly against any form of gun control measures, Obama has repeatedly warned that he would act on his own.

“We know that we can’t stop every act of violence. But what if we tried to stop even one?” Obama added. “What if Congress did something—anything—to protect our kids from gun violence?”

 

“The president has made clear he’s not satisfied with where we are and expects that work to be completed soon,” the White House spokesman added. In other words, it’s time for the president to micromanage yet another aspect of daily US lives, because Obamacare turned out so well.

One executive action that will almost certainly be unveiled is the “tightening” of rules for firearms sellers by requiring more of them to be licensed and, as a result, to conduct background checks on buyers.

Anything Obama does unveil will be met with stiff resistance.

Many gun-rights groups already have signaled opposition to new rules for private sellers and an expansion of background checks. And they have questioned whether Mr. Obama has the legal authority to act unilaterally.

 

Research by the National Rifle Association showed that dating back to the 2007 mass murder at Virginia Tech, none of the high-profile mass shootings has been conducted600 with a firearm bought from a private seller. Adam Lanza is believed to have stolen his mother’s gun after killing her then using it in the Sandy Hook Elementary School massacre.

 

“I don’t think the president has the authority to redefine what a dealer is because that is defined in existing federal statute,” said Dave Workman, senior editor of the Second Amendment Foundation’s The Gun Mag. “He can’t snap his fingers and suddenly say to someone who sells a gun at a gun show is now a dealer. That would take congressional action.”

Meanwhile, while the US wait to see what executive orders Obama will implement, at the state level numerous gun-related laws just kicked in starting in the new year.

Ironically, instead of implementing executive orders, what Obama should do instead if he wants to make an immediate change, is focus on his home state. According to the Chicago Tribune, Chicago’s first homicide of 2016 occurred barely 2 hours into the new year.

Two people were shot in the 4600 block of South St. Lawrence Avenue at about 2 a.m., police said. One of them, a 24-year-old man, reportedly had been arguing with someone who pulled out a gun and shot him in the chest. He was declared dead on the scene.

 

In the latest homicide, a 36-year-old man was shot in the chest and died at a hospital, said Nicole Trainor, a spokeswoman for the Chicago Police Department. The shooting happened at 6:40 a.m. in the 1900 block of West Garfield Boulevard in the city’s Back of the Yards neighborhood, said Trainor. The victim was driving a sport-utility vehicle westbound on Garfield when he heard shots and realized he’d been wounded, said Officer Janel Sedevic, a spokeswoman for the Chicago Police. The 36-year-old was driven to the Artesian Avenue and 55th Street where an ambulance was called and he was taken to Stroger Hospital where he died, Trainor said.

In short, eradicating gun violence in Chicago (and D.C.) would likely do miracles for the average gun homicide rate across all of the US. Which is why it will never happen.

Meanwhile, if Obama wants to truly curb gun ownership at the national level, the solution there is also simple, as the following chart from the NYT reveals:

He should resign.

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SpecOpsAlpha
SpecOpsAlpha

Buy ’em while you can. Use ’em if you must.

Anonymous
Anonymous

I wonder if any of the MSM will question him about what his legislative or Constitutional authority for this is?

surely someone like Piers Morgan will nail him to the wall over this.

bb

Gun violence in this country is a black inter city problem. Period. Usually fighting over drugs or some other stupid shit .They know this but don’t care about inter city blacks because blacks are not a threat to their power. Gun control is for White people. They want whites disarmed. That’s their plan.

Suzanna
Suzanna

bb,

that would be correct

robert h siddell jr
robert h siddell jr

Laws, especially gun laws, do not deter criminals like BHO; but guns do.

card802
card802

Detroit, Chicago, Baltimore, New Orleans, any big shitty, stats show 80% of gun homicides are gang related.

According to the Chicago Tribune crime is down 37% since 2011, but gun homicides are up.

This points to black gangs shooting black gangs. While the best solution would be to teach gangbangers proper shooting technique, at least that way innocent people would stand a better chance of surviving random gang related gun battles and more gang members would die.

As of today 3 dead, 21 wounded in Chi town since New Years day, again all gang related.

But the political answer is to obviously pass more gun laws, rather than address the current gun laws and do something about gangs, who as we all know are upstanding law abiding citizens.

Whatever………

What obama wants to propose, closing the so called “gun show loophole” is already law in California.

The law didn’t seem to faze Farook or Malik.

But, they have to do something, right?

harry p.

Guns clean, mags loaded

Rise Up

Like I said in a comment to another thread a week or so ago, Obummer must have stock in S&W and Ruger. He’s just upping his investment.

Here in Northern Virginia, we have “The Nation’s Gun Show” about every 7 weeks. I’ll be stocking up on ammo when it comes around (missed last weekend’s show).

http://www.thenationsgunshow.com/

What do I need to bring to purchase a firearm?

You need two (2) forms of ID

One must be a government issued State Photo ID with current address
an original, not a copy
must be obtained at least 30 days prior to attempted purchase
The second ID must have a matching address. It can be:
current lease, utility bill, telephone bill, voter registration card, bank check, passport, automobile registration, hunting license, or fishing license

http://nebula.wsimg.com/1b82d244ca4deacf8d62d1d778f56659?AccessKeyId=009D7D5830E9FB7317D0&disposition=0&alloworigin=1

underfire
underfire

Ban young to middle age blacks from owning guns. One hell of a big chunk of the problem solved.
And while we’re problem solving, let’s limit the vote to those with a job. Simple.

underfire
underfire

Maybe tptb don’t see anything wrong a little inner city thinning.

AKAnon
AKAnon

O has the legal authority to do one thing to reduce gun violence, and would get broad support in both houses to boot: Executive order eliminating gun free zones at most Federal buildings, and encourage states and universities to consider eliminating gun-free zones as well. Sadly, this will not happen.

Rise Up

2012=Sandy Hook spike.

Kill Bill
Kill Bill

Went thru airport security pre-911, had empty cartridge on keychain, made me throw it away even though they knew it wasnt capable of squat.

underfire
underfire

I’ve been over on Marketwatch and their thread on this. Most but not all are a pushover compared to those on this site. Probably a third of all posts were deleted, made a debate impossible. btw, Admin made a good showing.

Vic
Vic

Since the right to bear arms is the Second “Amendment,” a constitutional amendment is required and a certain number of states must ratify the change in order for it to become law. Every gun law enacted is illegal as they were brought through legislation, which does not change an amendment. This change was purposely made hard to do so the Constitution would be kept in tact as much as possible, and not changed based on a whim or what’s popular at the time, as most legislation is done.

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